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January 11, 2013
10:26 EDTUTLUnitil says court denies certification of class action
On January 7, the Worcester Superior Court issued its decision denying plaintiffs’ motion to certify the case as a class action. As a result of this decision, the lawsuit will now continue with only the twelve named plaintiffs seeking damages. The company continues to believe the suit is without merit and will defend itself vigorously. In early 2009, a putative class action complaint was filed against Unitil's Massachusetts based utility, Fitchburg Gas and Electric Light Company. As previously reported, the complaint seeks an unspecified amount of damages, including the cost of temporary housing and alternative fuel sources, emotional and physical pain and suffering and property damages allegedly incurred by customers in connection with the loss of electric service during the ice storm in Fitchburg’s service territory in December, 2008. Following several years of discovery, the plaintiffs in the complaint filed a motion with the Court to certify the case as a class action.
News For UTL From The Last 14 Days
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July 24, 2015
10:00 EDTUTLOn The Fly: Analyst Upgrade Summary
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06:12 EDTUTLUnitil upgraded to Buy from Neutral at Janney Capital
Janney Capital upgraded Unitil to Buy with a price target to $39. The firm said Unitil's Q2 report showed better year-to-date performance across the board and recommends investors add to positions given a favorable forward outlook and execution.
July 23, 2015
07:46 EDTUTLUnitil reports Q2 EPS 12c, consensus 10c
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